Australia's Economy
Time to step up on global kleptocracy
When the Pandora Papers were published last month, few registered their significance for Australian statecraft. Spanning 11.9 million leaked documents, and exposing the property…
China’s economic sanctions made Australia more confident
China has singled out several Australian industries with economic sanctions since May last year, imposing hefty tariffs on Australian barley and wine exports, while throwing up…
Interactives
Beyond Fortress Australia
The reality of living in a pandemic has dawned on Australia. Covid cases at the time of writing are high and still climbing. The virus is here to stay. Equally clear is that ring…
Candour, at last, on China – but then what?
The most important foreign policy speech by a cabinet minister so far this year was delivered last Monday. That Treasurer Josh Frydenberg was the speaker was a little surprising…
Economic diplomacy: Australia Inc’s new world order
Risky business
Australia’s sovereign wealth fund – the Future Fund – was established 15 years ago when the rivers of gold from selling iron ore to China were just starting to…
Commentary
There is no wages case for a permanent cut to immigration
RBA governor Philip Lowe makes a reasonable point about the short-term suppression of wages in some industries. But long-run evidence shows migration lifts demand for workers…
Economic diplomacy: Under the doona, Australian investors dump China
Departure call
While Australian exporters were shocked by the pace and extent of China’s trade sanctions last year, it now appears that investors were more quietly making their…
Economic diplomacy: Budgeting for China and the price that matters
New chapter
It may not have been intended, but a map deep inside last week’s federal budget papers seems to sum up the Australian government’s economic diplomacy strategy:…
Podcasts
Lowy Institute Conversations: Ross Garnaut on Restoring Australia after the Pandemic Recession
In this episode of Lowy Institute Conversations, Roland Rajah, Lowy Institute Lead Economist, sits down with Dr Ross Garnaut to discuss the ideas in his new book, Reset: Restoring…
Economic diplomacy: Patent politics and trade deal twists
Biden’s jab
First it was new carbon emission cuts, and then a global minimum corporate tax. But it is hard to beat the Biden administration’s move to shaft the pharmaceutical…